Over the past few weeks, Telegram Bot tokens have experienced remarkable growth following the initial success of UNIBOT. However, these new Telegram Bot Tokens seem to outperform UNIBOT by posting significant gains over the last few weeks.
Telegram Bot mania appears to be in full swing. Several new bot tokens that launched in July have now outpaced the gains seen by the original Telegram Bot Token that spearheaded the shift – UNIBOT.
What is a Telegram Bot Token?
Telegram Bot tokens are essentially the cryptocurrency for projects that allow users to perform actions directly from the Telegram Messaging platform and other platforms such as Discord.
These actions can include buying, selling, and price updates, among other features. In most cases, the tokens are used to access additional features or used to lock liquidity to gain revenue share from these projects.
UNIBOT, for example, allows users to connect their decentralized wallet directly through Telegram. Users can then snipe new coin listings on decentralized exchanges. Users can also set up limit orders and perform private transactions.
The ability to trade seamlessly through a popular messaging application that does not require the use of a centralized exchange appears to be gaining traction with crypto traders. Following the blow-up of the centralized crypto exchange FTX, it’s clear to see why.
These Tokens Have Seen Huge Price Increases
Following industry-wide interest, UNIBOT competitors have finally begun to spring up. Certain cryptocurrency data aggregators, such as CoinGecko, have even added a Telegram Bot Coins section.
Here are some of the biggest gainers over the course of the last two weeks:
MEVFree Hits New All-Time High
MEVFree began trading towards the end of February. However, it did not pick up steam until the end of July, over the course of the last two weeks. The token is up nearly 200% – Most notably, it hit an all-time low in May of $0.003.
It has recently hit an all-time high of $0.42 as of August 10. The gains since its all-time low exactly three months ago currently sit at 13,298%
The project describes itself as “a suit of tools that protects holders and allowed them to extract the maximum value on every single trade in the dark forest.”
MEVFree has a market capitalization of $22.2 million, with 24-hour volume sitting at $500,000.
Wagie Bot Price Correction Still Leaves Early Investors in Huge Profit
Another popular Telegram Bot Token that has seen success over the past few weeks is Wagie Bot (WAGIEBOT). The project aims to offer similar features to most of the projects in this category. These include tracking, trading, and sniping other crypto project tokens.
Following the launch of its token on decentralized exchanges (DEX) on July 10, the project saw an incredible run-up of 31,000% in price gains over the next two weeks. Hitting an all-time high of $1.74.
However, since then, the price has seen a cooling-off period. The price currently sits at $0.30. A decrease of 82% since its recent all-time high. But early buyers are still currently up over 5,500% from launch day.
WAGIEBOT currently has a market capitalization of $2.8 million, with a 24-hour trading volume of $540,000.
LootBot Taps Into Airdrop Farming
Newly launched LootBot (LOOT) was launched on July 15 for DEX trading. The project offers an additional focus on allowing users to automate airdrop farming. The project states on its website that it can automate and track airdrops for users while preventing Sybil detection.
Unsurprisingly, the project has seen its price increase in value. Following its launch at $0.03, the project hit an all-time high of $1.30 on July 20, just five days after launching. An impressive 3,800% gain for early investors.
Like WAGIEBOT, the price has since seen a cooling-off period where the price has declined 65%. Despite the price decline, early investors are still up over 1,000% – Currently, LOOT is up over 40% today alone.
LOOT currently has a market capitalization of $3.3 million and 24-hour trading volume totaling $800,000.
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